Aye, Goodness C.; Deale, Frederick W.; Gupta, Rangan - Department of Economics, Faculty of Economic and … - 2014
This article evaluates the predictability of the equity risk premium in the United States by comparing the individual … significant out-of-sample predictive power over the equity risk premium relative to the historical average based on the MSFE … the variables, including government shutdown but not debt ceiling, also show significant economic gains for a risk averse …